CCI imposes penalty of Rs. 2544.64 crores on car companies

Court :
Competition Commission of India
Brief :
The Competition Commission of India found 14 car companies in contravention of the provisions of the Competition Act, 2002. Commission also imposed a penalty calculated at the rate of 2% of the average turnover of the 14 car companies amounting to Rs. 2544.64 crores in aggregate. The penalty is to be deposited within 60 days of receipt of the order.
Citation :
In re: Shri Shamsher Kataria Informant And 1. Honda Siel Cars India Ltd. Opposite Party No.1 2. Volkswagen India Pvt Ltd. Opposite Party No.2 3. Fiat India Automobiles Ltd. Opposite Party No.3 4. BMW India Pvt. Ltd. Opposite Party No.4 5. Ford India Pvt. Ltd. Opposite Party No.5 6. General Motors India Pvt. Ltd. Opposite Party No.6 7. Hindustan Motors Ltd. Opposite Party No.7 8. Mahindra & Mahindra Ltd. Opposite Party No.8 9. Maruti Suzuki India Ltd. Opposite Party No.9 10. Mercedes-Benz India Pvt. Ltd. Opposite Party No.10 11. Nissan Motor India Pvt Ltd. Opposite Party No.11 12. Skoda Auto India Pvt. Ltd. Opposite Party No.12 13. Tata Motors Ltd. Opposite Party No.13 14. Toyota Kirloskar Motor Pvt. Ltd. Opposite Party No.14

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